Unemployment Rate Rises to 27.1%, says NBS
Nigeria’s unemployment rate increased to 27.1 per cent in the second quarter of the year (Q2 2020), compared to 23.1 per cent recorded in Q3 2018, according to the National Bureau of Statistics (NBS).
The underemployment rate increased to 28.6 per cent from 20.1 per cent in Q3 2018, the NBS added.
According to the Labour Force Statistics: Abridged Labour Force Survey Under COVID-19, which was released recently, unemployment rate among young people (15-34years) was 34.9 per cent, up from 29.7 pet cent, while the rate of underemployment for the same age group rose to 28.2 per cent from 25.7 per cent in Q3, 2018.
These rates were the highest when compared to other age groupings, the statistical agency noted.
Related Posts
OmniBSIC Bank Ghana Partners with GACL and EPA to Promote ESG Practices
OmniBSIC Bank Ghana continues to demonstrate its commitment to sustainable Environmental, Social, and Governance (ESG) practices by partnering…
ByMponua Rural Bank Achieves Record Profit of GH¢5.4 Million in 2023
Mponua Rural Bank has reported a remarkable profit of GH¢5.4 million for the 2023 financial year, representing a…
Ghana Attracts $316 Million in Foreign Direct Investment in Early 2024
Ghana has attracted Foreign Direct Investment (FDI) worth $316 million during the first three quarters of 2024, reinforcing…
MTN Group Unveils New Leadership to Accelerate Ambition 2025 and Drive Operational Excellence
MTN Group has announced key leadership changes aimed at addressing succession, operational execution, and advancing the Ambition 2025…
Gallery
